Company Directory - Michael Kors Holdings Limited
CCI Score
CCI Score: Michael Kors Holdings Limited
7.08
-0.01%
Latest Event
Michael Kors Boosts Progressive Political Contributions
Michael Kors was identified as one of the top individual political donors in the fashion industry for the 2023-24 period, heavily contributing to Democratic campaigns, including backing Kamala Harris. This donation reinforces progressive political engagement.
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OBJECTOR
Michael Kors Holdings Limited is currently rated as an Objector.
Latest Events
OCT222024Michael Kors was identified as one of the top individual political donors in the fashion industry for the 2023-24 period, heavily contributing to Democratic campaigns, including backing Kamala Harris. This donation reinforces progressive political engagement.
+80
Political Contributions and Lobbying Efforts
March 29
The article highlights Michael Kors as one of the largest individual political donors in the fashion sector, directing significant funds towards Democratic candidates like Kamala Harris. This financial support for progressive causes is a clear indication of anti-fascist political behavior, aligning with an anti-authoritarian agenda.
Top Fashion Designers Open Their Pocketbooks for Kamala Harris - WWD
- SEP162024
During the FTC trial targeting Tapestry’s proposed $8.5 billion acquisition of Capri, Michael Kors testified on challenges facing legacy fashion brands in today’s competitive market, emphasizing the need for renewed competitiveness amid evolving consumer trends.
+40
Executive Political Engagement
March 29
Michael Kors' testimony in the federal antitrust trial demonstrates proactive engagement in the political and regulatory process at a time when unchecked corporate consolidation could concentrate market power. By providing key insights during the trial, the company helps reinforce competitive practices that serve consumer interests and counteract the potential for authoritarian market dominance.
Tapestry-Capri antitrust trial: Michael Kors testifies - CNBC
- APR222024
On April 22, 2024, US antitrust authorities initiated legal action to block Tapestry Inc.'s $8.5 billion takeover of Capri Holdings Ltd., a deal that would have united the Coach and Michael Kors brands. The lawsuit, marking a vigorous antitrust move by the Biden administration, aimed to prevent a consolidation that critics argue could reduce competition and harm consumers.
-50
Economic and Structural Influence
March 29
The attempted merger would have concentrated market power by uniting major luxury brands under one umbrella, potentially reducing competition and raising prices. Although the aggressive antitrust enforcement by the Biden administration is a welcome check, Michael Kors' involvement in a consolidation effort aligns with broader concerns of economic power centralization that can support authoritarian, oligarchic structures.
- MAR012024
Michael Kors issued a response to the 'Who pays for the crisis' tracker allegations by clarifying that Sun Kyoung Vietnam is no longer an active supplier and by launching an investigation into the hiring and firing practices at a factory used by an active supplier. The company committed to taking remedial action if its investigation substantiates any violations of its Code of Conduct, applicable law, or human rights standards.
+30
Labor Relations and Human Rights Practices
March 29
Michael Kors’ commitment to investigate the active supplier’s factory hiring and firing practices represents a proactive approach to upholding labor rights and ensuring fair treatment for workers, aligning with anti-fascist and worker advocacy principles.
Michael Kors' response to 'Who pays for the crisis' tracker allegations
+20
Supply Chain Ethics
March 29
By distancing itself from Sun Kyoung Vietnam and initiating an inquiry into the practices of a factory used by its active supplier, Michael Kors underscores its commitment to ethical supply chain practices and transparency regarding supplier conduct.
Michael Kors' response to 'Who pays for the crisis' tracker allegations
- JUL202023
Michael Kors acknowledged allegations of abuses in a Myanmar garment factory and initiated a prompt investigation, including direct dialogue with the implicated factory, committing to remedial action if the claims are substantiated.
+40
Labor Relations and Human Rights Practices
March 29
The company’s prompt initiation of an investigation and direct engagement with the presumed abusive factory indicates a positive step towards safeguarding worker rights. This proactive measure addresses labor abuses, aligning with anti-fascist and pro-worker rights values, though further actions will be necessary depending on investigation outcomes.
Michael Kors' response to allegations of abuses in Myanmar garment factories
- AUG052020
A Business & Human Rights Resource Centre report links Michael Kors, via its supplier Superl Holdings, to unfair dismissals targeting union members at factories across Bangladesh, Cambodia, India, and Myanmar. The report highlights systemic labor rights violations that undermine workers' ability to organize and engage in collective bargaining.
-70
Labor Relations and Human Rights Practices
March 29
The report reveals that Michael Kors is connected to a supplier involved in dismissing union workers under unfair and coercive conditions, which constitutes a breach of labor rights and a failure to uphold ethical responsibility in business practices. This labor suppression is indicative of practices that align with authoritarian suppression of worker organization.
Michael Kors, Tory Burch linked to 'unfair' factory dismissals, report says
- AUG052020
A report by the Business & Human Rights Resource Centre links Michael Kors to a network of garment factories, including its direct supplier Superl Holdings, which is accused of unfairly dismissing union members and engaging in union-busting tactics in factories across Bangladesh, Cambodia, India, and Myanmar.
-50
Labor Relations and Human Rights Practices
March 29
The report indicates that through its supply chain, Michael Kors is indirectly associated with labor rights violations. Specifically, allegations of union busting and unfair dismissals at factories supplying the brand, notably via Superl Holdings, highlight ethical failings in upholding worker rights.
Michael Kors, Tory Burch linked to 'unfair' factory dismissals, report says
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